UK universities facing possible financial disaster, research says

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After-effects of coronavirus outbreak could affect one in 20 students and cause steep job cuts

As many as 13 British universities could face financial disaster from the after-effects of the coronavirus outbreak, affecting one in 20 students in the UK and causing steep job cuts, according to research.

Estimates by the Institute for Fiscal Studies found that the UK higher education sector will endure losses ranging between £3bn to £19bn in 2020-21, with the exact size of the losses dependent on how many students decide not to enrol.

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